Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1887-04-09
100 Doses One Dollar
A CARD TO THE PUBLIC.

DAYTON, New, March 49, 1887. :,
Ed TMRs:-Observing in number of Nsvada
papers q somewhat attractive advertisement Of
the Home Benefit Life Association, and not thor
oughly learning their mode of conducting bust
ness from the announcement referred to. it has
occurred to me that little inquiry. calculated to,
throw more light on the subject, would be accept.
able to the citizens OF Nevada.
The declaration: No Membership Feel No An.
nual Dues! No Medical Feel is intended to con-
vey the idea that the cost of insur Is cheaper
bic associations making legitimate charges of the
nature referred to, and the question naturally.
arises: How do you meet the expenses OF con-
Quoting your business? Do your managers, agents,
solicitors and medical examiners work for nothing
out of pure phisnthropic regard for the suffering
public, or do they receive adequate remuneration
for their services out of the first and second of
the six assessments year so modestly announced
covering the entire cost? In the latter event,
is it not possible that instead Of little cheap in
sureanc % great deal OF cheap buDcombe is being
palmed of on the citizens of this State?
The statement that the Home BENEFIT Associa-.
tion issues definite contracts wi cash surrender
value Ia somewhat vague. Will the gentlemen in
charge kindly rise and explain what the definite
cash surrender value of airy icy~issuei here
amounts to, and at the same time give definite
statement o I the smounts distributed to the mem,
bers from he reserve fund or used TO pay their
assessments based upon the actual workings Of
the association during the last eight years. and
what percenta &c these rebates constitute OF the
total amounts contributed by the members?
Does the statement that these are amounts "col.
lected In excess of mortality and expenses" &C.
count for the existence of the reserve fund? II
so, why are such onerous burdens placed upon
conhding members of the Home BENEFIT Associa-
ton in excess of what is absolutely necessary to
cover the actual c, st of their insuranee2
Or is this reserve fund the result OF that peculf-
ar system of enforcing SIX assessments per an.
nun, even although THREE should be more.
than sufficient to cover the liabilities Of the $3.50
citation in any particular year where the death
losses do rot call for morea In view of the mod
est ineinuation of cheap insurance. 1t is perhaps
desirable to estimate the cost of policy under
this system of the Home Benefit Life Association.
At the age OF fifty policy Of $40 coo will cost
for each 81 900 six assessments of "a rs each.
amounting to s25 so per 81 900 per snnm total
charge for annual dues, admission fee or medical
examination; whilst the cost of similar insurance
of an equal amount, namely $4,000. In the most,
progressive and responsible association on tho
Coast lest year was as follows:
First cost of certificate. including MEM
bership, annual dues and medical ex-
Two assessments of $SI so each ........ 63 90
Total cost of 1000 insurance for year $ l26 90
Cost OF similar insurance in the Home
Benefit, as above noted. ...........,.... 255 80
Difference in favor of member insured
by Bankers and Merchants Mutual .
Life, for year. ......S 129 oO
Or, in other words. the cost of insurance under
the rlsin. STRAIGHTFORWARD system OF the Bankers
than one-half the amount charged by tho Home
Benefit Life Association. Perhaps the philan-
thropic agents will explain how such things can
be, and "overcome US like a scmmer cloud" Let
US have more light. gentlemen, on this question.
ANTI-BUNCOMBE.